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News Breaks
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October 15, 2009
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| 21:53 EDT |  | TIF |
| theflyonthewall.com: | Tiffany shares have not lost their "sparkle", BusinessWeek reports | | Even amid a weak economy, analysts saw a fresh shine at fine jewelry retailer Tiffany (TIF), with the shares vaulting to a 52-week high of $41.75 on Oct. 14, up from $16 on Mar. 6. Zacks Investment Research, which rates Tiffany outperform says, the company is focusing more on smaller store formats offering "lower-priced, higher-margin products that have enhanced productivity." To stop sales erosion, Tiffany has reduced its workforce and new-store openings. Kimberly Greenberg of Citigroup (C) says Tiffany may gain from widespread liquidation of other jewelers and store closures—starting in Q4, when consumer spending should stabilize. She expects the stock to hit $50 in a year. Reference Link :theflyonthewall.com |
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February 6, 2012
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| 20:16 EDT |  | TIF |
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